10 Dividend Stocks Sharing The Fruits Of Increased Dividends

Just as picking fruit from a mango tree does not harm it, living off dividends does not damage the investment’s ability to produce future results. A mango tree’s life will easily span an entire generation. Similarly, well-chosen dividend investments will not only provide income in retirement, but can be passed to your children who can continue to reap the benefits.

Below are several select companies that recently decided to reward their shareholders with fruits of their labor in the form of increased cash dividends:

The Macerich Company (NYSE:MAC) is an independent real estate investment trust. October 24th the company increased its quarterly dividend 6.9% to $0.62 per share of stock. The dividend is payable on December 6, 2013 to stockholders of record at the close of business on November 12, 2013. The yield based on the new payout is 4.2%.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) operates as the bank holding company of Lakeland Bank that provides commercial and consumer banking products. October 23rd the company increased its quarterly dividend 7.1% to $0.075 per diluted share. The dividend is payable November 15, 2013 to holders of record as of the close of business on November 5, 2013. The yield based on the new payout is 2.5%.

Pinnacle West Capital Corporation (NYSE:PNW) Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. October 23rd the company increased its quarterly dividend 4.1% to $0.5675 per share. The dividend is payable December 2, 2013, to shareholders of record on November 1, 2013. The yield based on the new payout is 3.9%.

Associated Banc-Corp (ASBC), a bank holding company, offers various banking and nonbanking financial services to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. October 22nd the company increased its quarterly dividend 12.5% to $0.09 per share. The dividend is payable December 16, 2013, to shareholders of record at the close of business on December 2, 2013. The yield based on the new payout is 2.2%.

Middlesex Water Company (NASDAQ:MSEX) provides regulated and non-regulated water, wastewater utility, and related services. October 22nd the company increased its quarterly dividend 1.3% to $0.1900 per share. The dividend is payable December 2, 2013, for shareholders of record as of November 15, 2013. The yield based on the new payout is 3.6%.

American Electric Power Company, Inc. (NYSE:AEP), a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. October 22nd the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable December 10, 2013, to shareholders of record as of Nov. 8, 2013. The yield based on the new payout is 4.3%.

Honeywell International Inc. (NYSE:HON) operates as a diversified technology and manufacturing company worldwide. October 22nd the company increased its quarterly dividend 9.8% to $0.45 per share. The dividend is payable December 10, 2013, to stockholders of record on November 21, 2013. The yield based on the new payout is 2.1%.

Sotherly Hotels Inc. (NASDAQ:SOHO) is an equity real estate investment trust that primarily owns, acquires, renovates and repositions full-service, primarily upper upscale and upscale hotel properties. October 22nd the company increased its quarterly dividend 12.5% to $0.045 per share. The dividend is payable January 10, 2014 to shareholders of record as of December 13, 2013. The yield based on the new payout is 3.9%.

V.F. Corporation (NYSE:VFC) designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. October 21st the company increased its quarterly dividend 20.7% to $1.05 per share (after a 4 to 1 stock split). The dividend is payable on December 20, 2013 to shareholders of record at the close of business on December 10, 2013. The yield based on the new payout is 2.0%.

HCI Group, Inc. (NYSE:HCI) provides property and casualty insurance products in Florida. October 18th the company increased its quarterly dividend 22% to $0.275 per share. The dividend is payable December 20, 2013 to shareholders of record on the close of business November 15, 2013. The yield based on the new payout is 2.6%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list. Full Disclosure: No position in the aforementioned securities. See a list of all my dividend growth holdings here.

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